Q2 2026 13F · SEC CIK 1752579

Innealta Capital, LLC

Mutual fund managerFiled 2026-08-04 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $187.4M
Reported positions: 91
Top holdings a year, 3 yrs: +13.9%
Assets under management: $222.4M

Innealta Capital, LLC is a mutual fund manager that reported 91 positions worth $187.4M in its Q2 2026 13F, filed 2026-08-04. Its largest holdings were Select Sector Spdr Tr (XLC, 8.5%), State Street Technology Select Sector Sp (XLK, 7.2%), Select Sector Spdr Tr (XLI, 5.6%). A portfolio copying its top holdings returned 13.9% a year over the last 3 years, against 20.4% for the S&P 500.

Innealta Capital, LLC holdings largest 50 of 91 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Innealta Capital, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
XLCSelect Sector Spdr Tr	8.5%	10.2%	148,093	+0.0%	$15.9M
XLKState Street Technology Select Sector Sp	7.2%	7.9%	70,838	-25.7%	$13.5M
XLISelect Sector Spdr Tr	5.6%	5.7%	56,457	+0.0%	$10.5M
BILSPDR Brcy1-3 Ser	4.8%	—	98,610	—	$9.0M
XLFSelect Sector Spdr Tr	4.7%	4.4%	162,938	+13.1%	$8.7M
FLJPFranklin Templeton ETF Tr	4.0%	4.3%	189,978	+0.0%	$7.6M
FLTWFranklin Ftse Taiwan ETF	3.7%	2.3%	64,965	+17.4%	$6.9M
VTIVanguard Index Fds	2.8%	2.8%	14,344	+1.2%	$5.3M
JBNDJpmorgan Active Bond ETF	2.7%	3.1%	94,973	+3.9%	$5.1M
EWYIshares Inc	2.6%	1.5%	24,034	+25.0%	$4.9M
XLUSpdr	2.6%	3.0%	106,372	+0.0%	$4.8M
XLYConsumer Discretionary Select S	2.5%	2.7%	40,524	+0.0%	$4.8M
XLVSelect Sector Spdr Tr	2.3%	2.5%	27,675	+0.0%	$4.4M
VEAVanguard Tax-Managed Fds	2.3%	2.4%	61,347	+0.4%	$4.4M
XARState Street Spdr S&p Aerospace & Defens	2.3%	2.4%	15,234	+0.0%	$4.3M
XLEState Street Energy Select Sector Spdr E	2.1%	4.8%	75,787	-40.3%	$4.0M
FLCAFranklin Ftse Canada ETF	2.1%	2.3%	74,760	+0.0%	$3.8M
FLGBFranklin Ftse United Kingdom	1.9%	2.2%	101,402	+0.0%	$3.6M
VTVanguard Total World Stock Index Fund Et	1.7%	1.7%	19,879	+0.0%	$3.1M
XLPState Street Consumer Staples Select Sec	1.5%	1.7%	33,518	+0.0%	$2.8M
FLGRFranklin Ftse Germany ETF	1.5%	1.6%	84,886	+0.0%	$2.7M
SPYVSpdr Series Trust	1.5%	1.6%	44,798	+0.0%	$2.7M
IWMIshares	1.4%	1.4%	9,002	+0.0%	$2.7M
FLCHFranklin Ftse China ETF	1.3%	1.7%	122,989	+0.0%	$2.5M
EWZIshares Inc	1.3%	1.1%	70,529	+51.1%	$2.4M
EWWIshares Msci Mexico ETF	1.3%	1.5%	31,114	+0.0%	$2.3M
EWPIshares Msci Spain ETF	1.2%	1.3%	39,315	+0.0%	$2.3M
FLKRFranklin Ftse South Korea ETF	1.2%	0.9%	35,006	+0.0%	$2.3M
IJHIshares Tr	1.0%	1.0%	24,567	+0.5%	$1.9M
VWOVanguard Intl Equity Index F	1.0%	1.1%	31,633	+0.3%	$1.9M
EZAIshares Msci South Africa Et	1.0%	1.3%	29,808	+0.0%	$1.9M
EPUIshares Msci Peru and Global	1.0%	1.0%	21,881	+5.4%	$1.8M
FLINFranklin Ftse India ETF	1.0%	1.0%	50,486	+0.0%	$1.8M
FLSWFranklin Ftse Switzerland	0.8%	0.9%	35,164	+0.0%	$1.5M
ECHIshares Msci Chile ETF	0.8%	0.9%	36,844	-0.5%	$1.5M
EMXCIshares Inc	0.7%	0.6%	12,756	+3.3%	$1.3M
EWNIshares Msci Netherlands ETF	0.7%	0.7%	18,392	+0.0%	$1.3M
IJRIshares Core S&p Small Cap ETF	0.7%	0.6%	8,481	+3.6%	$1.3M
FLAUFranklin Ftse Australia ETF	0.7%	0.8%	37,289	+0.0%	$1.3M
JPIBJpmorgan International Bond Opportunitie	0.7%	0.8%	25,726	-0.5%	$1.2M
EWQIshares Msci France ETF	0.6%	0.7%	26,393	+0.0%	$1.2M
CSTNLIshares Core S&p 500	0.6%	—	1,444	—	$1.2M
GLDSpdr Gold Shares	0.6%	0.8%	3,088	-2.9%	$1.1M
LQDIshares Tr	0.6%	0.7%	9,889	-1.2%	$1.1M
BOXXEa Series Trust	0.5%	0.5%	8,461	+17.6%	$991K
BNDVanguard Total Bond Market ETF	0.5%	0.6%	12,092	-1.1%	$888K
EWHIshares Msci Hong Kong ETF	0.5%	0.6%	40,610	+0.0%	$850K
EWUIshares Tr	0.4%	0.5%	17,889	+0.0%	$825K
EWDIshares Msci Sweden ETF	0.4%	0.4%	14,078	+0.0%	$704K
ISVAFIshares Nasdaq 100 Usd Acc	0.3%	—	377	—	$652K

What Innealta Capital, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +16.8% /yr; S&P 500 +20.1%
3 years: +13.9% /yr; S&P 500 +20.4%
5 years: +5.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$187.4M	91
Q1 2026	$161.0M	75
Q4 2025	$184.7M	85
Q3 2025	$200.1M	107
Q2 2025	$189.6M	104
Q1 2025	$184.6M	116
Q4 2024	$205.5M	129
Q3 2024	$246.4M	155
Q2 2024	$303.1M	1,838
Q1 2024	$236.7M	108
Q4 2023	$222.9M	94
Q3 2023	$226.5M	71

Questions about Innealta Capital, LLC's portfolio

What stocks does Innealta Capital, LLC own?

Innealta Capital, LLC's latest 13F, for Q2 2026 and filed Aug 4, 2026, lists 91 positions worth $187.4M. The largest are Select Sector Spdr Tr (XLC) at 8.5%, State Street Technology Select Sector Sp (XLK) at 7.2%, Select Sector Spdr Tr (XLI) at 5.6%, SPDR Brcy1-3 Ser (BIL) at 4.8% and Select Sector Spdr Tr (XLF) at 4.7%.

What did Innealta Capital, LLC buy last quarter?

In Q2 2026, Innealta Capital, LLC added Ishares Inc (EWZ) (+51.1% shares), Ishares Inc (EWY) (+25.0% shares) and Ea Series Trust (BOXX) (+17.6% shares), compared with its Q1 2026 filing.

What did Innealta Capital, LLC sell last quarter?

In Q2 2026, Innealta Capital, LLC cut from its top 50 Select Sector Spdr Tr (XLRE), cut from its top 50 JPMorgan BetaBuilders Canada ET (BBCA), cut from its top 50 Franklin Templeton ETF Tr (FLBR), State Street Energy Select Sector Spdr E (XLE) (-40.3% shares) and State Street Technology Select Sector Sp (XLK) (-25.7% shares), compared with its Q1 2026 filing.

How has Innealta Capital, LLC's portfolio performed?

A portfolio copying Innealta Capital, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +16.8% against +20.1%. Over 5 years: +5.8% a year against +11.6%.

When is Innealta Capital, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Innealta Capital, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Innealta Capital, LLC manage?

Innealta Capital, LLC reported $222.4M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $187.4M.